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NASDAQ · Technology

Soluna Holdings, Inc (SLNH)

It posted a net loss of $78.2M. In fiscal 2025 capital spending exceeded operating cash flow by $37.2M. At June 30, 2026 it held $113.4M in cash against $3M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.

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Price
$1.18
-3.28% on the day · September 28, 2026
52-week range $0.59 to $5.14
Market cap
$288.6M

What Soluna Holdings, Inc does

Soluna Holdings, Inc is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker SLNH.

Revenue and profit by year

Revenue
FY17: $7.1M $7.1M FY17FY20: $6.6M $6.6M FY20FY20: $595K $595K FY20FY21: $14.3M $14.3M FY21FY22: $28.5M $28.5M FY22FY23: $21.1M $21.1M FY23FY24: $38M $38M FY24FY25: $29.7M $29.7M FY25
Net income
FY17: $582K $582K FY17FY20: $323K $323K FY20FY20: $1.9M $1.9M FY20FY21: -$5.3M -$5.3M FY21FY22: -$98.7M -$98.7M FY22FY23: -$29.2M -$29.2M FY23FY24: -$63.3M -$63.3M FY24FY25: -$53.4M -$53.4M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$29.7M-$33.7M-$53.4M-$2.38-$37.2M
2024$38M-$47.5M-$63.3M-$14.94-$13.9M
2023$21.1M-$20.2M-$29.2M-$34.17-$15.7M
2022$28.5M-$84.8M-$98.7M-$214.46-$69.8M
2021$14.3M-$4.5M-$5.3M-$0.61-$41.2M
2020$595K-$1.6M$1.9M$0.25-$2M

Full financial statements: income, balance sheet and cash flow

Where SLNH ranks in Technology

Revenue$29.7M
#524 of 731 in Technology · Bottom 28%
Revenue growth-21.8%
#580 of 604 in Technology · Bottom 4%
Net margin-179.7%
#591 of 611 in Technology · Bottom 3%
Free cash flow margin-125.2%
#550 of 569 in Technology · Bottom 3%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Dividends

It paid out $630K in cash dividends.

Fiscal yearPer sharePaid outOf profit
2021n/a$630Kn/a
2020n/a$00%
2020n/a$3.5M1,096%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Soluna Holdings, Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 14, 2026
  2. September 9, 2026
  3. September 8, 2026
  4. August 25, 2026
  5. August 24, 2026
  6. August 24, 2026
  7. August 24, 2026
  8. August 14, 2026
  9. August 13, 2026
    Quarterly report 10-Q · period to June 30, 2026Revenue rose 145% to $15.1M versus the same quarter last year; diluted EPS -$0.18 versus -$0.93.
  10. August 13, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on September 24, 2026. Insider transactions on SEC

Insider trades

What the people running Soluna Holdings, Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $117K and sold $699.4K worth of shares in the last 90 days. 2% of the selling was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$117K
last 90 days
Sold
$699.4K
last 90 days
Net bought
4,768
$582.4K
DateInsiderWhatSharesPriceValueFiling
September 23, 2026 Thomas Jessica L.Chief Accounting Officer Sold 30,000 $1.26 $37.8K Form 4
September 3, 2026 Phelan William PDirector Sold 12,037 $1.12 $13.5K Form 4
September 1, 2026 Thomas Jessica L.Chief Accounting Officer Shares withheld for tax 5,343 $1.05 $5.6K Form 4
September 1, 2026 OReilly Mary JenniferChief People Officer Shares withheld for tax 16,189 $1.05 $17K Form 4
September 1, 2026 Belizaire JohnChief Executive Officer, Director Soldpre-planned (10b5-1) 1,000 $11.91 $11.9K Form 4
August 31, 2026 Phelan William PDirector Sold 3,188 $12.08 $38.5K Form 4
August 28, 2026 Phelan William PDirector Sold 5,039 $12.25 $61.7K Form 4
August 28, 2026 Picchi MichaelChief Financial Officer Bought 20,000 $1.13 $22.6K Form 4
August 27, 2026 Phelan William PDirector Sold 8,099 $12.08 $97.8K Form 4
August 26, 2026 Phelan William PDirector Sold 1,862 $12.09 $22.5K Form 4
August 26, 2026 Belizaire JohnChief Executive Officer, Director Bought 50,000 $1.20 $60K Form 4
August 25, 2026 Phelan William PDirector Sold 5,000 $12.00 $60K Form 4
August 24, 2026 Phelan William PDirector Sold 5,000 $11.66 $58.3K Form 4
August 24, 2026 Picchi MichaelChief Financial Officer Bought 10,000 $1.14 $11.4K Form 4
August 21, 2026 Phelan William PDirector Sold 8,843 $12.29 $108.7K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns SLNH

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Generate Strategic Credit Master Fund I-B, L.P.13G, passive with 3 related filers 9.99% 3,345,829 September 18, 2025
YA II PN, Ltd.13G, passive with 7 related filers 9.99% 1,059,641 February 6, 2025
Bugbee Robert L13G, passive 9.8% 15,414,507 August 5, 2026

Latest filings below 5%: Alpha Capital Anstalt 1.53% (November 12, 2025); Mitchell P. Kopin 0% (November 7, 2025); Wayne W. Boos 0% (April 26, 2024).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 101 managers reported a position.

HolderSharesValueChange on quarter
Geode Capital Management, LLC3,889,529$14M+1,204,091
BlackRock, Inc.8,330,254$11.2M+7,545,266
Nuveen, LLC5,577,158$7.5Mnew
Vident Advisory, LLC5,227,200$7.1M+5,160,797
Vanguard Capital Management LLC4,661,391$6.3M+4,034,537
J. Goldman & Co LP2,384,409$3.2Mnew
State Street Corp1,824,507$2.5M+1,531,831
Marshall Wace, Llp1,695,300$2.3M+1,108,267
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.1,029,709$1.4M+233,057
UBS Group AG999,446$1.3M+109,143
Alpine Fox Capital LLC750,882$1Mnew
Northern Trust Corp737,906$996.2K+634,991
Vanguard Portfolio Management LLC708,284$956.2Knew
Vanguard Fiduciary Trust Co525,459$709.4K+231,869
Renaissance Technologies LLC452,600$611K-382,677
Tru Independence Asset Management 2, LLC430,738$581.5Knew
Yorkville Advisors Global, LP335,976$453.6K0
Bank of New York Mellon Corp261,551$353.1Knew
Charles Schwab Investment Management Inc255,611$345.1Knew
Scoggin Management LP250,000$337.5Knew

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

14 insiders reported holding 45,843,391 shares in total, about $54.1M at the last price.

HolderSharesAs of
Toporek MichaelDirector 17,132,816 June 1, 2026
Belizaire JohnChief Executive Officer, Director 7,161,147 September 1, 2026
Carver RyanChief Development Officer 3,200,000 August 1, 2026
Phelan William PDirector 2,343,030 September 3, 2026
Michaels David CChief Financial Officer, Director 2,082,320 June 1, 2026
Marusak Thomas JDirector 1,998,596 June 1, 2026
Bottomley JohnDirector 1,730,048 June 1, 2026
Lipman Matthew E.Director 1,703,803 June 1, 2026
Hazelip WilliamDirector 1,702,859 June 1, 2026
Hirshfield Edward RDirector 1,702,719 August 17, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about SLNH

What does Soluna Holdings, Inc do?

Soluna Holdings, Inc is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker SLNH.

Is Soluna Holdings, Inc profitable?

No. Over the twelve months to June 30, 2026 it reported a net loss of $78.2M.

When did Soluna Holdings, Inc last report?

Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 24, 2026.

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Where the numbers come from

Financial figures are the values Soluna Holdings, Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.